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U.S. China News 2012.11.14

Wed, November 14, 2012

Panel: Chinese US investments need more oversight
CBS News
That’s the primary recommendation of an annual report by the U.S.China Economic and Security Review Commission. The panel advises Congress on the national security implications of the relationship between the world’s two biggest economies.
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China ‘need not fear’ US-Australia links
Sydney Morning Herald
AAP. Australia and the United States have moved to reassure China it has no reason for concern over moves to expand US use of Australian defence bases. The program started this year with the initial group of 200 US Marines training in northern
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Bill for China Ads in US Election: $54.3 Million
Wall Street Journal (blog)
The CMAG analysis was done for the Alliance for American Manufacturing, a collaboration of the United Steelworkers and steel makers, which has long taken a tough stance on China trade – and has regularly been disappointed post-election that U.S. policy
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US panel urges more oversight of China investment
The Associated Press
WASHINGTON (AP) — A congressional advisory panel on Wednesday urged tighter screening of investment by Chinese state-owned companies in the U.S., saying they present unfair competition to American firms. That’s the primary recommendation of an
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US colleges look to foreign students
The Australian
Five years ago, there were 87 undergraduates from China on its idyllic, All-American campus in Bloomington. This year: 2224. New figures show international enrolment at US colleges and universities grew nearly 6 percent last year, driven by a 23
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Tibet Is the Test of China’s Rise
Wall Street Journal
A successful American engagement with China on Tibet will also be welcomed by millions of Indians, Nepalese, Bhutanese and Mongolians who at one time looked upon Tibet as the source of their culture and home of their faith. Today there are reportedly
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PICC Issues Preliminary Prospectus for up to US$4 Billion Hong Kong IPO
Fox Business
If PICC manages to raise US$4 billion, the IPO will be one of largest in the world so far this year and the biggest by a Chinese company since Agricultural Bank of China Ltd. (1288.HK) raised US$22.1 billion ahead of its listing in Hong Kong in 2010.
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Deferring foreign policy to US must end, Paul Keating warns
The Australian
Mr Keating listed Mr Howard’s “deputy sheriff” deference to US foreign policy in Iraq and Afghanistan, Mr Rudd privately advising the US to reserve a military option against China and Ms Gillard inviting US President Barack Obama to launch “an oral and
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How US can help avert Asia crisis
CNN (blog)
Patrick M. Cronin is senior advisor and senior director of the Asia-Pacific Security Program at the Center for a New American Security in Washington, D.C. The views expressed are his own. Mounting tensions over the East and South China Seas are
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China plane maker creates US demand
South China Morning Post (blog)
He writes daily on his blog, Young’s China Business Blog (www.youngchinabiz.com), commenting on the latest developments at Chinese companies listed in the US, China and Hong Kong. He is also author of a new book about the media in China, “The Party
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Race to breach China market heats up for US sports
Chicago Tribune
SINGAPORE (Reuters) – China lies at the heart of global expansion plans for many of the world’s biggest sports organizations. But whether it’s the search for a new superstar or selling caps to 1.3 billion people, most find cracking the Chinese market a
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China and India booms are over, claims US body
Sydney Morning Herald
The US Conference Board’s global outlook calls into question the BRICs miracle (Brazil, Russia, India, China), arguing that the low-hanging fruit from cheap labour and imported know-how has already been picked. China’s double-digit expansion rates will
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Suspected North Korea missile parts seized en route to Syria in May
Chicago Tribune
China assured us they will investigate what looks like a violation of U.N. sanctions.” Another diplomat said: “It’s possible that the crew of the Chinese ship had no idea what this shipment really was. It’s good that China’s expressed a willingness to
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Copper steadies on China prospects; US fiscal worries weigh
Business Recorder (blog)
copper 400 SINGAPORE: Copper steadied on Wednesday as a rebound from two-month lows ran out of steam, with traders fretting about a possible fiscal crisis in the United States, but signs that China’s economy may be finding its feet lent support to prices.
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Congress urged to probe Chinese cyber-espionage
Chicago Tribune
WASHINGTON (Reuters) – The U.S. Congress should conduct an in-depth assessment of Chinese cyber spying and consider imposing tougher penalties on companies that benefit from industrial espionage, a federal advisory group said Wednesday.
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China Parades Arms as US Firm on Pacific Shift
Journal of Turkish Weekly
China displays its air defense power at an aerospace exibition in which home-made surveillance drones are introduced. The air-show comes as the US declares that it will realize its shift to Asia- Pasific, announced earlier this year and seen as a
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China slams US criticism on cyber security
China Daily
“This commission always sticks to the Cold War mentality,” Hong Lei said at a regular press briefing in reference to an annual publication released by the USChina Economic and Security Review Commission the same day. Labelling the criticism of China
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The US military pivot to Asia when bases are not bases
Asahi Shimbun
SUBIC BAY, Philippines–From his office window, Roberto Garcia watches workers repair the USS Emory S. Land, a submarine support vessel that is part of a U.S. military buildup as Washington turns its attention to fast-growing Asia and a newly assertive
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Wind Power Market to Slow on EU, U.S., China Hurdles, Lobby Says
Bloomberg
Wind farm growth is set to slow as limits on capacity in China’s grid, falling carbon prices in Europe and a lack of direction in U.S. government policy hamper demand in major markets, the Global Wind Energy Council said. Wind farm growth is set to
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US Congress reconvenes as fiscal crisis looms
China Post
WASHINGTON–The U.S. Congress returned to session Tuesday for the first time since the election last week, confronting the huge and immediate task of stitching together a compromise on spending and taxes to avoid what’s been called the “fiscal cliff
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US embargo brings huge sufferings to Cuban people: China
Cubasi.cu
Wang Min, China’s deputy permanent representative to the UN, made the remarks while addressing the UN General Assembly on voting a resolution, which calls for an end of the U.S. embargo on Cuba. The resolution, which condemns the U.S. blockade of
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US panel urges tougher scrutiny of China investment
Economic Times
WASHINGTON: The US Congress should consider tougher screening laws for investments made by China’s huge state-owned enterprises (SOEs) because of the threat they pose to US companies, an advisory committee said in its annual report on
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Fast-Food: Key to Good USChina Trade Relations?
CNBC.com
At a Pizza Hut in Shanghai, Cai Baohua and his family sit down to their regular taste of Americana and say they enjoy eating at other fast -food outlets from the West such as KFC and McDonalds.
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China and the U.S., Frenemies Forever
Bloomberg
Understanding their difficulties and calibrating U.S. policy accordingly will be among the biggest tests for the new Obama administration. For everybody’s sake, Beijing and Washington both need to do some rethinking. China’s leaders have grasped the
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China’s New Leaders Face an Economic Turning Point
Bloomberg
As the U.S. has been consumed by its own political transition (or, more precisely, lack thereof), it has paid scant attention to the one occurring in China. Yet how the new Chinese leadership navigates its economic challenges may well turn out to be
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US lawmakers protect airlines from European Union tax on emissions
China Post
House action to pass the bill came a day after the EU, facing protests from numerous countries and a possible trade war, said it was postponing enforcement for non-EU airlines. Lawmakers, while welcoming the EU action, said it was still necessary for
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China, Middle East fuel student growth in US
New Straits Times
WASHINGTON: The number of students in the United States from China, Iran and Saudi Arabia has risen sharply in the past year, giving a boost to US universities and the economy, a study said Tuesday. The United States was home to nearly 765,000
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China Unveils Attack Helicopter At Airshow
Manila Bulletin
SHANGHAI, China (AFP) – China has unveiled a new attack helicopter as it seeks to rival similar aircraft made by the United States (US) and Russia, state media said Wednesday. A unit of China Aviation Industry Corporation (AVIC) showed off the WZ-10,
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Japan’s Politicians Anger China Afresh
Businessweek
As in the U.S., so in Japan: During election seasons, politicians who are looking to show their toughness pick fights with China. Looking to capitalize on American frustration with Chinese policies that keep the yuan undervalued, Republican Mitt Romney
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Huntsman: Door open for better Sino-US ties
China Daily
After serving as US ambassador to China from 2009 to 2011, the former Utah governor entered the race to win the Republican nomination for the US presidency. Now, though, he works mainly in the private sector and receives many speaking invitations from
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GLP investing US$334m to expand portfolio in Brazil
Channel News Asia
It is part of a plan to jointly acquire two logistics portfolios worth around US$1.45 billion with the Canada Pension Plan Investment Board (CPPIB), China Investment Corp (CIC) and Government of Singapore Investment Corp (GIC). GLP said in a statement
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GE in shale gas talks with Chinese firms
China Daily
GE Oil & Gas, a subsidiary of the US giant General Electric Co, said it is holding discussions with China’s top three oil and gas companies about possible cooperation on the development of the country’s shale gas industry. Liu Bo, general manager of GE
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Japan Stock Futures Little Changed as China Leader Meeting Ends
Businessweek
Japanese stock futures were little changed, indicating the Nikkei 225 (NKY) Stock Average will halt its longest streak of losses in seven months, as a once-in-a-decade meeting to choose new leaders in China draws to a close. Australian shares gained.
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US clean energy industry banks on Obama
Sydney Morning Herald
The new investigation will determine whether solar panels from China are being subsidised and whether these subsidised imports have caused injury to the EU industry, the European Commission said. It has nine months to decide whether to impose
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Chinese students invented Singles Day shopping success
The Australian
Clothes, a pillow, a cabinet to give a friend – Lei put off buying until Sunday, when retailers promised discounts of up to 70 percent. “The prices are irresistible,” she said. Singles Day was begun by Chinese college students in the 1990s as a version
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Asian Shares Mixed; China Property Plays Extend Losses
Wall Street Journal
However, markets appear to have stabilized with small movements either way, after several days of declines prompted by the re-election of U.S. President Barack Obama last week. There was caution in Asia as China’s Party Congress comes to a close
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China’s Hu clears way for Xi to take party helm
U.S. News & World Report
Chinese Vice President Xi Jinping, right, and Vice Premier Li Keqiang, left, walk close each other after the closing ceremony of the 18th Communist Party Congress at the Great Hall of the People in Beijing Wednesday Nov. 14, 2012. By GILLIAN WONG
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US Stock Futures Advance on Cisco as Yen Weakens on Stimulus
Businessweek
U.S. stock index futures climbed and Treasuries fell for the first time in five days after Cisco Systems Inc. (CSCO) reported profit that beat analysts’ estimates. The yen weakened on speculation Japan will pursue more aggressive monetary easing to
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Defence pact with US ‘only reaffirms ties’
The Nation
The 2012 Joint Vision Statement for the Thai-US Defence Alliance, to be signed during the visit of US Defence Secretary Leon Panetta today, posed no legal difficulties in terms of the Constitution and would have no impact on strategic ties with China
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U.S. Exporters Sell 120000 Metric Tons of Soybeans to China
Bloomberg
U.S. exporters reported sales of 120,000 metric tons of soybeans to China for delivery before Aug. 31, the U.S. Department of Agriculture said today in a statement. Exporters also reported sales of 40,000 tons of soybean oil to unknown destinations for
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Analysis: China turns to machines as farmers seek fresh fields
Reuters
about urbanization and urban expansion encroaching on agricultural land but I often argue that non-farm wages are more relevant to whether land gets kept in production,” said Bryan Lohmar, an agricultural economist and China director of the U.S
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USChina–India: Strategic triangle
Jagran Post
For India, both the US and China remain critical interlocutors and as per macro economic projections, these three countries will form a distinctive strategic triangle of the largest single state economies by about 2030 – which is the equivalent of the
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Of Things To Come
Canada Free Press
The events surrounding “Benghazi-gate,” China’s initial steps toward a blue water navy, and President Barack Obama’s excessively close relationship with the Russian leadership do not bode well for the future of the United States in relation to the
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Visiting Nobel economics laureate confident US will avoid ‘fiscal cliff’
The Nation
“The US benefits from having trade with China. China has benefited from trade with the US and the rest of the world. Both sides can argue about what the exchange rate should be. If the renminbi is undervalued relative to the US dollar, that means the
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Foreign commodity exporters to China turn to RMB settlement on US fiscal fears
Risk.net
Foreign commodity exporters into China are increasingly requesting physical trade settlement in offshore renminbi (CNH) following fears that the value of dollar holdings will be hit by the US fiscal cliff in the coming months, according to market
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China extends probe on US, EU monobutyl ether
China Daily
BEIJING – China’s Ministry of Commerce has extending its anti-dumping probe on ethylene glycol monobutyl ether and diethylene glycol monobutyl ether imports from the US and the European Union. The probe, which was launched on Nov 18, 2011, will be
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David Stern estimates NBA revenue up 20% to US$5 bil.
China Post
Speaking Tuesday at Beyond Sport United, a gathering of global team, league and industry executives at Yankee Stadium that focuses on social responsibility. Stern said NBA expansion to Europe is probably at least a decade away and that it likely would
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Why is Harper locking us into China deal?
Canada.com
In less than one week PM Harper will try to commit Canada to the most sweeping trade deal in our history without a single debate or vote. If the Canada-China FIPA passes, it will allow China to spend billions buying out Canada’s natural resource companies.
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Confidence in outlook for China’s economy surges to three-year high among
FinFacts Ireland
“While sentiment within Europe remains weak, rising allocations to global stocks tell us confidence in general is improving. The jump in China optimism shows how fast sentiment can turn around,” said John Bilton, European investment strategist.
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